Toronto Dominion Bank Has $44.45 Million Holdings in Amphenol Co. (NYSE:APH)

Toronto Dominion Bank trimmed its stake in shares of Amphenol Co. (NYSE:APH) by 53.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 682,088 shares of the electronics maker’s stock after selling 774,487 shares during the period. Toronto Dominion Bank’s holdings in Amphenol were worth $44,445,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Bank of New York Mellon Corp lifted its stake in shares of Amphenol by 92.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 36,637,988 shares of the electronics maker’s stock worth $2,468,301,000 after buying an additional 17,552,921 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Amphenol by 69.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 23,225,629 shares of the electronics maker’s stock valued at $1,564,711,000 after purchasing an additional 9,487,387 shares during the last quarter. Mawer Investment Management Ltd. boosted its stake in shares of Amphenol by 88.9% in the 2nd quarter. Mawer Investment Management Ltd. now owns 15,455,006 shares of the electronics maker’s stock valued at $1,041,204,000 after purchasing an additional 7,275,279 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Amphenol by 116.6% in the 2nd quarter. Legal & General Group Plc now owns 9,833,128 shares of the electronics maker’s stock valued at $662,458,000 after purchasing an additional 5,293,292 shares during the last quarter. Finally, National Bank of Canada FI lifted its position in shares of Amphenol by 263.0% during the 2nd quarter. National Bank of Canada FI now owns 3,568,426 shares of the electronics maker’s stock valued at $240,935,000 after acquiring an additional 2,585,282 shares during the period. 97.01% of the stock is owned by institutional investors.

Amphenol Trading Up 1.3 %

NYSE:APH opened at $73.53 on Thursday. The business has a fifty day moving average of $69.69 and a 200-day moving average of $67.03. Amphenol Co. has a 1 year low of $46.94 and a 1 year high of $74.93. The stock has a market cap of $88.65 billion, a price-to-earnings ratio of 42.26, a PEG ratio of 2.47 and a beta of 1.24. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.05. The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.81 billion. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The business’s revenue was up 26.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.39 EPS. Equities analysts predict that Amphenol Co. will post 1.84 earnings per share for the current year.

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be given a dividend of $0.165 per share. The ex-dividend date is Tuesday, December 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.90%. Amphenol’s dividend payout ratio (DPR) is presently 37.93%.

Insider Buying and Selling at Amphenol

In other news, CFO Craig A. Lampo sold 150,000 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the completion of the sale, the chief financial officer now owns 218,116 shares in the company, valued at approximately $14,997,656.16. This trade represents a 40.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Richard Adam Norwitt sold 900,672 shares of the business’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the completion of the sale, the chief executive officer now directly owns 1,934,848 shares of the company’s stock, valued at $133,136,890.88. This represents a 31.76 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,842,672 shares of company stock worth $128,858,080. 1.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on APH. Bank of America upped their price objective on shares of Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Evercore ISI raised their target price on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Robert W. Baird lifted their price target on Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Truist Financial upped their price target on Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, TD Cowen increased their price target on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $69.63.

Amphenol Company Profile

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.